<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 58-26-56 - Minimum standard for valuation of policies and contracts. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2075856Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075856SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075856CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2075856Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2075856DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075856000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2075856SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2075856SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2075856Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-56"><span class="s2075856SENU">58-26-56</span></a><span xml:space="preserve" class="s2075856SENU">. </span><span class="s2075856CL">Minimum standard for valuation of policies and contracts.</span></p><p dir="ltr" class="s2075856Normal-000000"><span xml:space="preserve" class="s2075856DefaultParagraphFont">Except as provided in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-64"><span class="s2075856DefaultParagraphFont">58-26-64</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-74"><span class="s2075856DefaultParagraphFont">58-26-74</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont">, inclusive, and § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-84"><span class="s2075856DefaultParagraphFont">58-26-84</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont">, the minimum standard for the valuation of policies and contracts issued prior to July 1, 1995, shall be that provided by the laws in effect immediately prior to July 1, 1995. Except as otherwise provided in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-64"><span class="s2075856DefaultParagraphFont">58-26-64</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-74"><span class="s2075856DefaultParagraphFont">58-26-74</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont">, inclusive, and § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-84"><span class="s2075856DefaultParagraphFont">58-26-84</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont">, the minimum standard for the valuation of all policies and contracts issued on or after July 1, 1995, shall be the commissioners' reserve valuation methods defined in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-75"><span class="s2075856DefaultParagraphFont">58-26-75</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-76"><span class="s2075856DefaultParagraphFont">58-26-76</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-81"><span class="s2075856DefaultParagraphFont">58-26-81</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont">, </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-82"><span class="s2075856DefaultParagraphFont">58-26-82</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont">, and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-84"><span class="s2075856DefaultParagraphFont">58-26-84</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont">, three and one-half percent interest, or in the case of life insurance policies and contracts, other than annuity and pure endowment contracts, issued on or after July 1, 1973, four percent interest for such policies issued prior to July 1, 1978, five and one-half percent interest for single premium life insurance policies and four and one-half percent interest for all other policies issued on and after July 1, 1978, and the tables provided for in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-57"><span class="s2075856DefaultParagraphFont">58-26-57</span></a><span xml:space="preserve" class="s2075856DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-26-63"><span class="s2075856DefaultParagraphFont">58-26-63</span></a><span class="s2075856DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2075856Normal"><span xml:space="preserve" class="s2075856000001"> </span></p><p dir="ltr" class="s2075856Normal"><span class="s2075856SCL">Source:</span><span xml:space="preserve" class="s2075856SCL-000002"> SL 1995, ch 284, § 12; SL 2015, ch 254, § 6.</span></p></div></body></html>